Double Bottom on GBP/CAD @ W1
After failing a descending triangle, the double-bottom pattern on the weekly chart of GBP/CAD may produce a bullish breakout trade. The bottoms and the "neckline" are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I will use the low of the breakout candle as my stop-loss level (not shown on the chart).
Trade ativo:
Long trade entered at 15:24 UTC yesterday. Entry = 1.80527, SL = 1.76160, TP = 1.98666.
Trade fechado: stop atingido:
SL @ 1.76160 triggered yesterday at 16:08 UTC.
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